Bathroom remodeling ranks with kitchen remodeling as one of America’s most popular major home improvements, perhaps because the return on investment when you sell your home is so high.
Bathroom remodeling costs can be as much or as little as you choose to put into it. While a simple spruce-up involving a new vanity top, light fixture and accessories can be done for well under $1000, many people are choosing to yank everything out and start from scratch again. A completely new upgraded bathroom can cost $10,000 or more. Start your project right with the following bathroom remodeling tips
1. Determine your exact bathroom needs
Think about what your ideal bathroom will look like and then prioritize your needs before your wants. Do you want to enlarge your bathroom? Do you need another sink? Would you like to add windows? Does the bathroom tile need to be replaced? Answering these questions will help you narrow down your remodeling goals.
2. Gather bathroom design ideas
A set of architectural plans will really help you and your remodeling professionals visualize the finished project, but this will add cost to your rehab. Any design preparations can be helpful.• Consult with a designer for ideas or check out magazines and cut out idea
• Designs or photos that approximate what you want
• A sketch on graph paper of what your plans are
• Any of these things will help you to express to your bathroom remodeling professionals
3. Establish a realistic bathroom remodeling budget
At this time, you will also need to determine how much your bathroom remodel will cost and whether this is within the budget. Remember that you will NOT be living there, and the goal is to rehab the house nice enough to be able to sell it quickly and at a profit.
G&L Holdings can help you by not only financing the purchase of the investment property but if the ARV (After-Repair-Value) is high enough, we can potentially finance your entire remodel with our competitive interest rates.
Is this going to be a larger remodel or are you making minor changes? When establishing your budget keep in mind the design ideas you would like and whether they fall on the pricier side. Also, it will always be less expensive if you don’t need to relocate plumbing fixtures, such as toilets or sinks, so if you are on a smaller budget it is more economical to incorporate your current bathroom layout into the new design.
4. Don’t forget building permits
Before beginning the remodeling, the process makes sure you understand whether there will be a need to secure a building permit from your local city or county government. This process will add a bit to your rehab, but failure to do so could ultimately make your bathroom remodel much more costly. Unexpected inspectors can sometimes drop by and create issues/delays
5. Consider popular bathroom design trends
Second sinks have become very popular in bathroom remodels as they allow two people to use the bathroom at the same time. Another popular trend in bathroom design is separating the toilet from the rest of the bathroom. If you only have a shower, consider replacing this with a bathtub which can serve double duty as both a bath and a shower. Whirlpool bathtubs have also become very popular in today’s bathrooms. Nearly everyone elects to include a bathroom exhaust fan, often incorporating a heater on a timer, as well.
Need to Increase Your Renovation Budget? We Can Help!
GL&L Holdings has invested in many “fix & flip” properties and can assist in providing you suggestions and recommendations. We also have done all types of rehab loans and are experienced in the proper steps that need to be taken when taking on these types of projects. We can not only lend you the funds for your real estate purchase but provide you feedback on how much is too much.
